Jen L.

At some point DP&L will require it to be outside.

Do you have the T-12 and P&L for this property?

Unfortunately, ejectment proceedings tend to drag out much longer than L/T cases.

I bought two commercial properties in 2017.  Both of them have 10 year loans that are fixed for first five years and adjustable rate for the last 5 years.  Both these loans are amortized over 25 years and I have decen...

@Greg L.

I bought the property for $20k, and it is worth $50k on the market.Which numbers can I deduct, IF, I can deduct anything and where/how should l deduct it?

With more units, bigger budgets, making it easier for the HOA to absorb (not always tho)2) having someone on the inside is key, they can share with you information as to the true health of the HOA and politics. 3) FINANCIALS - Need to see balance sheet and P&L.

@Felix L PerezThere is a lot to explain, so probably you should get with a tax accountant.The short answer is: expenses specifically related to this property (purchase, rehab, holding costs etc.) should be shelved until next year and deducted against the sale price.

@Nicholas L. , To simply answer your question:1) You do not have to worry about the depreciation for 2017 since the property will not be placed in service in 2017.